Don't invest your all!

[jasonjm]

I had a friend who took a loan from the company he works for , about 30,000, which would then be deducted from his initial salary.
He then went on to use this money to trade , now psychologically he was just not ready for it because his whole mindset was just about making a huge amount of money that he ended up loosing everything.

Trading is a risky venture and borrowing money for trading is stupid especially when you don't have any prior experience. People lose money in trading when they get greedy. People should acquire basic trading skills and enough knowledge of the market trends before making any decision. Always start trading with a small amount and when you become an experienced trader go for a suitable amount. Spot trading is less risky than futures trading. If a person is inexperienced, he should opt for spot trading. Diversify your portfolio to mitigate the losses.

[kawetsriyanto]

Trading is a risky venture and borrowing money for trading is stupid especially when you don't have any prior experience. People lose money in trading when they get greedy.

Ideally, people won't be brave to trade with loan money if they have no good experience and capability in trading. I'm very sure that most people who use loan money in trading because they already got nice profits. However, there will be always no guarantee for the success in the next attempts. If traders only could take good profits few times, it is better to use their own money. But for the traders who understand well trading and they could prove it by getting profits in trading for few months or years, it is not so bad decision to try using loan money. However, I think those who have been successful in earning profits for months/years should have enough money for the capital. It would be a bit strange if they still have lack of money and try the option of borrowing money.

People should acquire basic trading skills and enough knowledge of the market trends before making any decision. Always start trading with a small amount and when you become an experienced trader go for a suitable amount.

This is the fundamental in trading. Traders should have no idea to make any decision if they have no knowledge and skills. Regarding using small funds, this is only for beginners. Traders who have a lot of experience, they can use any amount of money. They must have some considerations whether to use small or big amount of money on certain coins.

Spot trading is less risky than futures trading. If a person is inexperienced, he should opt for spot trading.

Exactly. Spot trading is for all level of traders, future trading should be for professional traders only. Unfortunately, there are many newbies who assume future trading is easy to do. They think basic knowledge is enough to deal with the risks. They don't know that spot is very different with future.

[laijsica]

I had a friend who took a loan from the company he works for , about 30,000, which would then be deducted from his initial salary.
He then went on to use this money to trade , now psychologically he was just not ready for it because his whole mindset was just about making a huge amount of money that he ended up loosing everything.

Trading is a risky venture and borrowing money for trading is stupid especially when you don't have any prior experience. People lose money in trading when they get greedy. People should acquire basic trading skills and enough knowledge of the market trends before making any decision. Always start trading with a small amount and when you become an experienced trader go for a suitable amount. Spot trading is less risky than futures trading. If a person is inexperienced, he should opt for spot trading. Diversify your portfolio to mitigate the losses.

You should try to get profit through risky system and continue to gradually increase your experience with small investment initially. You need to invest in getting an idea about the market and engage yourself accordingly with expert advice. Diversify your portfolio by choosing currencies and making investment decisions accordingly and more buying habits during price dips. Along with trading you should have long term investment area because long term investment can earn you multiples of profit.

[Farma]

You should try to get profit through risky system and continue to gradually increase your experience with small investment initially. You need to invest in getting an idea about the market and engage yourself accordingly with expert advice. Diversify your portfolio by choosing currencies and making investment decisions accordingly and more buying habits during price dips. Along with trading you should have long term investment area because long term investment can earn you multiples of profit.

Before you decide to try profit through this risky system, you must first understand it well and try with a small capital in the learning process, then it will be very good for you to understand because when you fail, you can still survive and correct the mistakes you made and try again until you reach the target you want to achieve.
If you want to buy when it is down, of course it is good, but you must also first analyze whether the asset you want to buy still has potential in the future or even disappears and you will experience losses after buying it and it is also very important in investing or trading we must have funds for our own needs and do not invest all the funds we have, of course this will be very risky when we fail and do not have reserve funds for our own needs.

[shawonngp]

I had a friend who took a loan from the company he works for , about 30,000, which would then be deducted from his initial salary.
He then went on to use this money to trade , now psychologically he was just not ready for it because his whole mindset was just about making a huge amount of money that he ended up loosing everything.

Trading is a risky venture and borrowing money for trading is stupid especially when you don't have any prior experience. People lose money in trading when they get greedy. People should acquire basic trading skills and enough knowledge of the market trends before making any decision. Always start trading with a small amount and when you become an experienced trader go for a suitable amount. Spot trading is less risky than futures trading. If a person is inexperienced, he should opt for spot trading. Diversify your portfolio to mitigate the losses.

Who trading with borrowed money i think it's too greedy mentality, those people lost everything in cryptocurrency, no way to succeed in their trading carrier then they blame crypto is scam. Newbies should not start future trading without vast knowledge in crypto trading, they can start their first trade with small amount spot trading but also here they need at least basic knowledge.

[Mpamaegbu]

Some even go as far as getting loans , borrowing from friends so they could trade, or invest in some altcoins..
The same apply to other things like sports betting, gambling and all of them.

I once did that. I borrowed from a friend to trade FX and in less than a week the whole money went down. My friend understood my plight when he found out what happened and didn't bother me about it. Years later when I was able to repay him, he said he didn't want it anymore but I insisted he took the money. He reluctantly accepted half of it when he noticed my persistence.

Looking back now, I wouldn't do such a thoughtless thing. I rather save up the little I can to start trading. Back then I thought small capital couldn't trade and got successful. That's not it. I've had situations where I funded with less than $30 in the same FX I felt anything less than $200 wasn't sustainable and still made something out of it.

[YOSHIE]

Do not stake your all! Be patient follow guidelines, learn how to trade safely , thank you!

Crypto trading requires a long process, not just hearing, seeing, trying, everything goes through and requires a learning process to become mature and proficient in carrying out trading activities, different from investing, you only need to look at the lowest crypto price and buy when the price goes up, sell.

Crypto trading is high risk, if you do it in one go and play the trade, obviously you will go home empty handed, if you want to do it for beginners, start small first, minimum: $10 per top up will teach you what to do and what not to do, putting all that money in large amounts is the same as committing suicide.

Understand the trading conditions in the crypto market first, before going any further, learning and understanding the crypto trading conditions will make you a professional trader.

[nara1892]

Although it is true that trading is basically an activity that can provide a number of benefits to everyone involved, of course borrowing money to fund trading activities is a big mistake, and this is why everyone should know and understand what they are facing, because I think if they knew and understood that there is no certainty and guarantee that you will always end the trading session with a profit, then it is unlikely for you to take a loan, even experienced traders always avoid such actions.

Especially for a beginner who does not know much about the world of trading, then in the end it is likely that like what your friend OP experienced, where in the end he lost a lot of money.

Actually there is nothing wrong with your intention to seek profit because all traders also come with the same intention, but make sure that you understand that profit in trading can only be obtained when you have the knowledge and skills that you will get when you have gone through the learning process, meaning don't be too hasty and also understand that there is no strategy that is 100% accurate, meaning losses will always be part of trading that can happen at any time, and this is the reason why taking a loan is always not recommended, because it is too risky.

[fullhdpixel]

Before you decide to try profit through this risky system, you must first understand it well and try with a small capital in the learning process, then it will be very good for you to understand because when you fail, you can still survive and correct the mistakes you made and try again until you reach the target you want to achieve.
If you want to buy when it is down, of course it is good, but you must also first analyze whether the asset you want to buy still has potential in the future or even disappears and you will experience losses after buying it and it is also very important in investing or trading we must have funds for our own needs and do not invest all the funds we have, of course this will be very risky when we fail and do not have reserve funds for our own needs.

Right, I agree with you. Whenever a new trader enters the market, they first need to understand that the crypto market is not just about profits. Without thinking and learning, if you invest in a coin, you can lose all your money. Therefore, first, gather information about the coins, which one is more profitable, and how far it can go in the future. It is also very important to invest only the money that you have spare or don't need urgently.

Another crucial thing is that every trader should only invest the amount they can afford to lose because the market is not a guaranteed profit. If you're doing futures trading, a wrong trade can lose all your money, and if you're a spot trader, invest in coins that have previously given people profits and have a high potential to rise in the future.

I have seen new people entering the market and investing all their money in shit coins and meme coins based on hearsay and news, and later they blame the market and cryptocurrency. Therefore, it's better to understand the market well and learn before investing, because there's no harm in doing it late, but investing without learning and understanding will only cause losses and nothing else.

[Viscore]

The safest way not to lose a lot in any type of investment, just don't invest your all. Most likely for beginners, they should know that crypto investment cannot guarantee sure profits, so its best to just invest at the amount you are comfortable to lose. Thus, invest at your own risk, and never invest from borrowed funds because once you lose, you will also lose the urge to stay investing on crypto.

[Lanatsa]

Before you decide to try profit through this risky system, you must first understand it well and try with a small capital in the learning process, then it will be very good for you to understand because when you fail, you can still survive and correct the mistakes you made and try again until you reach the target you want to achieve.
If you want to buy when it is down, of course it is good, but you must also first analyze whether the asset you want to buy still has potential in the future or even disappears and you will experience losses after buying it and it is also very important in investing or trading we must have funds for our own needs and do not invest all the funds we have, of course this will be very risky when we fail and do not have reserve funds for our own needs.

Right, I agree with you. Whenever a new trader enters the market, they first need to understand that the crypto market is not just about profits. Without thinking and learning, if you invest in a coin, you can lose all your money. Therefore, first, gather information about the coins, which one is more profitable, and how far it can go in the future. It is also very important to invest only the money that you have spare or don't need urgently.

Another crucial thing is that every trader should only invest the amount they can afford to lose because the market is not a guaranteed profit. If you're doing futures trading, a wrong trade can lose all your money, and if you're a spot trader, invest in coins that have previously given people profits and have a high potential to rise in the future.

I have seen new people entering the market and investing all their money in shit coins and meme coins based on hearsay and news, and later they blame the market and cryptocurrency. Therefore, it's better to understand the market well and learn before investing, because there's no harm in doing it late, but investing without learning and understanding will only cause losses and nothing else.

But as a noob then it wont be shocking that the primary reason on why you are diving into this space or market just because you are really that eager to make profits, and this is why you have decided or choses up to
deal up with crypto space just because you've seen someone is really that making some serious cash on here, without even trying out to realize or thinking that its not really easy as it looks to have those kind of gains.
You dont have the idea on how hard that someone to make themselves profitable specially on a very unpredictable and random marketplace. This is why its really always that relevant or significant that you should really be that too careful when it comes to financial risks management. Investing all or having that all in kind of mindset? You are really that making yourself that bound into such huge disaster. 

[Gladitorcomeback]

Actually there is nothing wrong with your intention to seek profit because all traders also come with the same intention, but make sure that you understand that profit in trading can only be obtained when you have the knowledge and skills that you will get when you have gone through the learning process, meaning don't be too hasty and also understand that there is no strategy that is 100% accurate, meaning losses will always be part of trading that can happen at any time, and this is the reason why taking a loan is always not recommended, because it is too risky.

Only someone who has either been misguided or is joining a financial market for the first time on their own could think of taking a loan or borrowing money for it because someone with knowledge and understanding of what they are getting into wouldn't do such a thing knowing it's too risky and they can lose the money which can then become a problem for them since the money will have to be repaid within the specified timeframe.

Although both are different, trading and gambling should only be done with money that one can afford to lose which means that you can't use money that is very important for trading or gambling unless you are an expert in the market and you know that you can get guaranteed profit or you know you aren't using all the money at once and you can recover the losses if you incur any.

But still, I would also never recommend anyone taking loans for trading no matter how much they think they know how trading works.

[pusaka]

The safest way not to lose a lot in any type of investment, just don't invest your all. Most likely for beginners, they should know that crypto investment cannot guarantee sure profits, so its best to just invest at the amount you are comfortable to lose. Thus, invest at your own risk, and never invest from borrowed funds because once you lose, you will also lose the urge to stay investing on crypto.

In crypto there are many assets that can be invested, I would recommend dividing it into several coins from the capital we have, the percentage depends on us. For example, we can invest 50% of the capital we have to buy bitcoin, the other 50% we allocate to buy altcoin. And from 50% for altcoin, don't invest in one coin, but we can divide it again for at least 2 coins, we can do that. But once again it depends on us, because the decision is in our hands. Apart from that, the thing that must be considered is that we must be ready to hold it longer, or in other words, the money for our daily needs must be ensured to be safe without having to interfere during investment. We must be able to manage our finances very well, both for investment and for living needs.

[Lida93]

Some even go as far as getting loans , borrowing from friends so they could trade, or invest in some altcoins..
The same apply to other things like sports betting, gambling and all of them.

I had a friend who took a loan from the company he works for , about 30,000, which would then be deducted from his initial salary.

Some persons never learn despite hearing about the ugly experiences of others who had taken same decision and ended losing it. I am guessing they probably thought there case will be different maybe because they are genius or something.

We are dealing with a volatile market engulfed with uncertainty that not even the best of professional analysts in the crypto market can safely make a reliable statement about the market. Investing all in is stupid whether with borrowed money or not you don't have to trust a coin 100% that you've to dive all in. Same thing with gambling which is the mother of all disappointment.

[nara1892]

Actually there is nothing wrong with your intention to seek profit because all traders also come with the same intention, but make sure that you understand that profit in trading can only be obtained when you have the knowledge and skills that you will get when you have gone through the learning process, meaning don't be too hasty and also understand that there is no strategy that is 100% accurate, meaning losses will always be part of trading that can happen at any time, and this is the reason why taking a loan is always not recommended, because it is too risky.

Only someone who has either been misguided or is joining a financial market for the first time on their own could think of taking a loan or borrowing money for it because someone with knowledge and understanding of what they are getting into wouldn't do such a thing knowing it's too risky and they can lose the money which can then become a problem for them since the money will have to be repaid within the specified timeframe.

Although both are different, trading and gambling should only be done with money that one can afford to lose which means that you can't use money that is very important for trading or gambling unless you are an expert in the market and you know that you can get guaranteed profit or you know you aren't using all the money at once and you can recover the losses if you incur any.

But still, I would also never recommend anyone taking loans for trading no matter how much they think they know how trading works.

Yes, it could be, but I think it is more likely that the action is caused by those who are too ambitious and obsessed with profit, usually they are beginners who come because they are attracted to the profits generated by others, they see it then get interested but the biggest mistake is that they do not do research first about what and how the negative side of trading activities is so I think it is quite natural if someone dares to take a loan because when they are too obsessed with profit then usually their various actions will tend to be hasty.

If we talk about the comparison between trading and gambling then actually yes there are differences and similarities, the similarities are in terms of risk and the differences are in terms of profit where trading depends on how skilled you are in analyzing the market while gambling depends on how lucky you are when running a session, and from the approach then yes of course as you said it is true that trading or gambling is always recommended to be done by only putting in the amount that can be lost, and this is also one of the reasons why loans should not be used as an alternative to fund both activities considering the high risks that can arise, I think it's quite simple.

[Rockstarguy]

Trading is a risky venture and borrowing money for trading is stupid especially when you don't have any prior experience. People lose money in trading when they get greedy. People should acquire basic trading skills and enough knowledge of the market trends before making any decision. Always start trading with a small amount and when you become an experienced trader go for a suitable amount. Spot trading is less risky than futures trading. If a person is inexperienced, he should opt for spot trading. Diversify your portfolio to mitigate the losses.

Having experience and knowledge about trading doesn't even give one the go ahead to take loan for trading. No matter the experience and knowledge one has in trading their is no guarantee that trading will always be profitable,  because of the risk involve in trading it is not advisable to take loan to trade because the market is unpredictable.

 Trading is all about loss and  gain and you can never tell what trading results would be like, it is better not to bother to trade than getting loan for trading. The reason why people consider taking loan is because they want profit which they will depend on but because of how the market is unpredictable it is better to have source of income before going into trading. Trading requires a source of income to back it up.

[Mame89]

The safest way not to lose a lot in any type of investment, just don't invest your all. Most likely for beginners, they should know that crypto investment cannot guarantee sure profits, so its best to just invest at the amount you are comfortable to lose. Thus, invest at your own risk, and never invest from borrowed funds because once you lose, you will also lose the urge to stay investing on crypto.

Many people fail in investing not only because they don't learn about the coins they want to invest in, but because they don't learn about them themselves. So there are people who invest with all the funds they have, and even worse if they use loans to invest when it is safer to invest with funds that are ready to lose.

Crypto investment is good because crypto has the potential to provide significant profits, but if you learn it wrong, losses are inevitable. So what I want to say, the conclusion is that investment must be measured and planned, returning to our goal of investing to achieve financial freedom. Be wise in starting an investment, don't get caught up in FOMO and then take out a loan to invest because you can't predict when you will get profit from the investment.

[Rampagoe004]

Having a lot of money and being able to earn it is the dream of many people by doing various important ways to earn money. This mistake is often made by beginners in trading. They dare to lend money from friends who want to trade on the crypto market without thinking that the risks they will face are so big. . It is not recommended to borrow money for trading, let alone playing in several other games such as gambling which have become popular lately. Save money for the future, looking for instant profits is fine as long as you understand what to do, don't lose all the money, let alone have to replace the money borrowed. when trading reverses direction not as we predicted.

[retreat]

If someone is not able, then they do not need to borrow money, sell goods, or other unimportant things just to trade. Trading must be done using cold money - when someone uses borrowed money or sells his goods just to trade and thinks he will get a lot of money, then most likely he will end up disappointed because he loses money. Trade with money that you are ready to lose because in trading there are many possibilities that can happen, and a trader must be able to prepare himself to lose the money he has.

[alastantiger]

The safest way not to lose a lot in any type of investment, just don't invest your all. Most likely for beginners, they should know that crypto investment cannot guarantee sure profits, so its best to just invest at the amount you are comfortable to lose. Thus, invest at your own risk, and never invest from borrowed funds because once you lose, you will also lose the urge to stay investing on crypto.

Invest in cryptocurrency through DCA and you wouldn't be worried about your investments because as the market is declining, all you'll be doing is investing more in the projects that you have done research on and have strong conviction that they're the best projects to invest into. Never invest everything you have in cryptocurrency because the best projects that are trending everywhere and everybody is investing into them and hyping the project can turn into the worst project because of wrong management and other factors.

Don't try to be smarter than yourself and always reserve some money that you can use to add to their coins or tokens that you're already holding. Investing in cryptocurrency are risky hence you should have plan B always. The plan B will help you to be busy when the market is dumping.